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Donald Trump could issue crypto executive orders on first day

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President-elect Donald Trump is poised to enact several executive orders on January 20, his first day back in office, with significant implications for the cryptocurrency sector. According to reports, these directives aim to address issues such as crypto de-banking and the repeal of specific banking policies that have been contentious within the industry.
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One anticipated executive order seeks to counteract the practice of “crypto de-banking,” wherein financial institutions deny services to cryptocurrency businesses. Industry leaders have criticized the previous administration for allegedly pressuring banks to sever ties with crypto firms, a strategy informally known as “Operation ChokePoint 2.0.” By intervening, the Trump administration intends to facilitate better access to banking services for crypto enterprises, promoting growth and innovation within the sector.
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Another expected directive involves the reversal of a banking accounting policy introduced in March 2022 through the Securities and Exchange Commission’s Staff Accounting Bulletin No. 121 (SAB 121). This policy mandates that banks holding cryptocurrencies must record these assets as liabilities on their balance sheets, a requirement that has faced opposition from crypto advocates. The incoming administration’s move to rescind this policy is seen as an effort to alleviate regulatory burdens and encourage institutional participation in the crypto market.
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These anticipated actions align with President-elect Trump’s campaign promises to position the United States as a global leader in cryptocurrency and blockchain technology. During his campaign, Trump pledged to establish a U.S. Bitcoin reserve and reduce regulatory scrutiny of the industry. The forthcoming executive orders are expected to set the tone for the administration’s approach to digital assets, signaling a more crypto-friendly regulatory environment.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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